Adani Group will invest about Rs 2.3 lakh crore through 2030 in India’s most ambitious renewable energy expansion and solar and wind manufacturing capacity addition ever as it shrugs off a short-seller attack to pursue its trademark rapid growth plans. Additionally, Adani Green Energy will invest about Rs 1.5 lakh crore in expanding capacity to […]
Day: April 8, 2024
Vistara cuts daily flights by 25-30; domestic network to see 10 per cent capacity dip
Tata Group airline Vistara issued a statement that they are cutting 10 per cent of its capacity or 25-30 daily flights on a daily basis and most of the cancellations are in the domestic network. The reason behind this cited is non-availability of crew members, PTI reported. Vistara usually has over 300 flights each day […]
Virgin Atlantic aircraft and British Airways plane suffer ground collision at London’s Heathrow Airport
An empty Virgin Atlantic aircraft’s wingtip collided with a stationary British Airways plane while being towed from a stand at London’s Heathrow Airport on Saturday (April 6), as confirmed by both airlines. Heathrow Airport, the busiest in Britain, assured that no passenger injuries were reported and that it does not expect any ongoing disruption to […]
Vistara aims to stabilise operations by weekend, CEO says 98% pilots have signed new contracts
Vinod Kannan, the CEO of Vistara, stated on Saturday that the airline aims to stabilise operations by this weekend and that over 98% of pilots have signed new contracts. In a statement, Kannan said the situation has already improved with its on-time performance improving for the last three days. “We hope to stabilise our operations […]
Boeing CEO got nearly $33 million compensation in 2023; this year his stock payout will be cut down by 25%
The CEO of Boeing, David Calhoun, got compensation of around $33 million last year, almost all of which came from stock awards. However, due to the decline in Boeing’s share price following the January blowout of a panel on one of its aircraft during mid flight, his stock payout this year will be reduced by […]
Vistara apologises for flight cancellations amid pilot shortage, says ‘addressing issue’ on war footing
Vistara on Friday (April 5) issued an apology to its passengers for the substantial flight cancellations experienced over past few days. The airline attributed the cancellations to a notable number of pilots taking sick leave, a trend that followed the introduction of new salary regulations coinciding with the merger with Air India. “We acknowledge that […]
Rising traffic necessitated app transition: Digi Yatra CEO
The increasing user base of the Digi Yatra app necessitated the transition from the old to the new application, a senior official in charge of the biometric-based mobile facility for airport entry told FE, even as the move faced criticism from some users. According to Suresh Khadakbhavi, CEO, Digi Yatra Foundation, the move was necessary […]
Air India transformation in final leg, CEO tells staff
Air India managing director and CEO Campbell Wilson on Friday said the airline has entered the final leg of its evolution after spending 18 months under transformation plan called Vihaan.AI, that was launched in September 2022. ‘Taxiing, Take-off and Climb’ were the names given to the near-to-mid term phases of the transformation journey for the […]
Over 60 metro stations co-branded with reputed companies: DMRC officials
The Delhi Metro Rail Corporation Saturday said more than 60 stations on its network have been co-branded with reputed corporates, Public Sector Undertakings and media companies, among others, to offer them publicity opportunity while earning revenue for DMRC. The stations include eight on Red Line, 14 on Yellow Line and 25 on Blue Line. DMRC […]
Domestic coal import rises 13% in Feb to 21.64 MT ahead of summer
India’s coal import rose by 13 per cent to 21.64 million tonnes (MT) in February as some buyers took fresh positions to replenish stocks ahead of summer, according to online marketplace mjunction. The country’s coal import was 19.15 MT in the corresponding month of FY23. “Coal imports in February 2024 were up by 13 per […]
Oil and Gas shares gain
Oil and Gas stocks were trading in the positive zone, with the S&P BSE Oil&Gas index rising 416.87 points or 1.5% at 28250.01 at 09:46 IST. Among the components of the S&P BSE Oil&Gas index, Indraprastha Gas Ltd (up 3.91%), Linde India Ltd (up 2.51%),GAIL (India) Ltd (up 1.84%),Bharat Petroleum Corporation Ltd (up 1.67%),Indian Oil […]
India must keep e-scooter subsidies to boost adoption, says Ather CEO
India will need to keep subsidies for electric scooters for another few years to boost the switch from polluting motorbikes, the CEO of e-scooter maker Ather Energy told Reuters on Saturday. Industry experts believe subsidies such as cash incentives are crucial to India hitting its goal of electrifying 70% of its two-wheeler fleet by 2030, […]